Plan Ledger DOL Form 5500 · updated monthly

Applied Research Solutions, Inc.401(k)

APPLIED RESEARCH SOLUTIONS, INC. 401(K) PLAN · NEWYORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.37%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Applied Research Solutions, Inc. reported $174,189 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. Employer contributions averaged $5,424 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.18% to 0.37%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,270th-largest of 5,648 plans among New York employers on file, and the 2,522nd of 11,654 in professional & technical services. In 2024, employees put in $1.83 for every $1.00 the employer contributed; active participation has grown from 664 to 836 since 2022.

Plan summary
Net assets, end of year$55,916,196
Participants with balances1,052
Active participants836
Employer contributions$4,534,498
Employee contributions$8,292,210
Employer contribution per active participant$5,424
Average account balance$53,152
Benefits paid to participants$5,124,026
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$55.9M · 1,052 accts · $4.5M emplr
2023$39.5M · 729 accts · $4.4M emplr
2022$25.7M · 553 accts · $3.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$119,306
Investment management$54,883
Total administrative$174,189
The Applied Research Solutions, Inc. 401(k) match · 2024
Employer contribution per active participant$5,424
Median for plans this size$2,416
2024$5,424 per active participant
2023$5,642 per active participant
2022$4,640 per active participant

Applied Research Solutions, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
EMPOWER LIFE & ANNUITY INSURANCE CO · Recordkeeping · Loan processing$119,306
ONE DIGITAL INVESTMENT ADVISORS LLC · Investment advisory (participants) · Investment advisory (plan)$23,883
COHNREZNICK LLP · Accounting / audit$21,000
SWINDON SPRINGER &CO., INC. · Accounting / audit$10,000

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$174,189 · 0.37%
2023$60,793 · 0.19%
2022$43,056 · 0.18%
Same employer
Similar plansProfessional & Technical Services · New York
Flextrade Systems, Inc. NY$57.7M · 0.02%
Mitchell/Martin Inc. NY$56.3M · 0.27%
Berlinrosen Holdings NY$55.9M · 0.12%
Sia Partners US, Inc. NY$55.7M · 0.03%
Kitware, Inc. NY$55.4M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133242455 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.